local income tax purposes any amount on account of any addition, alteration or
other modification or improvement to or in respect of the Aircraft or any part
thereof made or paid for by Lessee or any Lessee Party or any substitution or
exchange of the Aircraft or any part thereof; or (iv) if for any reason
whatsoever (whether as a result of a breach of Lessee’s representations,
warranties or covenants, or acts or omissions, or otherwise) Lessor shall
lose, shall not have the right to claim, or shall suffer a disallowance or
recapture or shall receive a lower than anticipated economic benefit from the
Bonus Depreciation.